GBP is set to fall further say analysts, although there is a faint prospect the currency finds redemption towards the end of the coming week when a Bank of England rate hike and the 'mini budget' aโฆ
Read more … →"Looked at through the most meaningful measures, it is clear that the current level of GBP is not an impediment to further significant falls" - RBC Capital.
Read more … →For GBP to remain supported the Bank might have to raise its basic interest rate to as high as 5% during this cycle according to new research.
Read more … →GBP was softer after it was reported headline UK CPI inflation was lower in August than in July, suggesting the peak in price rises might have now passed.
Read more … →UK jobs data was on balance supportive for the Pound, with the currency rising against the Euro, Dollar and most other major currencies in the wake of the release.
Read more … →Next week's Bank of England interest rate decision poses the biggest near-term risk to Pound Sterling say analysts at two leading investment banks.
Read more … →The British Pound was soft at the start of a new week following the release of domestic GDP data that showed July's economic rebound was softer than expected.
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